Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls

Date : 06/06/2020 @ 8:56PM
Source : NEWSBTC
Stock : Bitcoin (BTCUSD)
Quote : 9090.35000000  2.35000000 (0.03%) @ 3:48AM
Bitcoin share price Chart

Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls

Since the $8,600 lows seen at the start of the week, Bitcoin has mounted a strong comeback, recovering to ~$9,800. A growing number of analysts, however, have said that the recovery is just noise in an otherwise bearish trend. They cite fractals and textbook patterns suggesting that it is only a matter of time before...

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